Performing Black o White, with the rock-legend slash

TMZ has learned the executors for Michael Jackson's estate have signed a huge deal with Cirque du Soleil.

Co-executor John Branca tells TMZ, the first mostrar will open in fall of 2011 -- and will travel throughout North America including the Staples Center in L.A. ... the same venue where MJ's memorial was held.

The mostrar will be heavily focused on dancing -- honoring the legendary moves of MJ. It will also feature Jackson's songs and have the trademark Cirque du Soleil acrobatics.

In 2012, a segundo mostrar -- in partnership with MGM MIRAGE -- will open in Las Vegas which will be far más theatrical with emphasis on technology and 3D. "It will be a theme-park-like show," says Branca.

Sources say the shows will be worth a fortune to the estate. Cirque and the estate will división, split costs and profits 50-50.